Falling numbers of New Zealanders are declaring bankruptcy, but there is a warning those statistics do not reflect the number of people who are living from one pay cheque to the next.
New Zealand bankruptcies are now at a five-year low of 3215 for 2017, down more than 15 per cent on 2016.
On a per capita basis, New Zealand's bankruptcy rate is about half of Australia's. Last year, Auckland had twice the bankruptcies of anywhere else in the country.
Hazel Phillips, spokeswoman for credit score reporting website CreditSimple, said it was a sign of a good economy over recent years, which had boosted employment.
from
http://www.stuff.co.nz/business/101701468/Many-New-Zealanders-just-getting-by-economists-say
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